You guys are all wrong, IMO.
ELK is worth, on any technical analysis, around $2.50. The only issue is whether Grieve will fly. The preliminary EORI report says it will, so risk side is low.
Accumulation is the name of the game - 10c either way will have little impact if an announcement comes.
IMO of course...
- Forums
- ASX - By Stock
- ELK
- still valued sub 2dollars a barrel